As suspected the mortgage was sold. I’m so glad I did not send off my first payment. Thanks to everyone who encouraged me to hold off.
Now that things seem to be settled, I’ll be sending off the payment on Friday with an extra $100 on the principal.
I still haven’t received anything from the HOA so I’ll reach out to them on the 20th.
I received a letter from the insurance company that the ORI B wasn’t signed, not sure what that was, calling them as well.
And I still haven’t received the homestead information as of yet. 🤦🏽‍♀️🙄
Mortgage Sold
December 13th, 2018 at 03:58 am
December 13th, 2018 at 04:10 am 1544674251
December 13th, 2018 at 12:08 pm 1544702887
December 13th, 2018 at 08:39 pm 1544733564
Amber, what’s the hurry on sending in the payment? It can be sold again between now and the end of the month. Why don’t you wait until the 31st? You will still be able to take the tax deduction. I really don’t understand. Your primary focus appears to be your mortgage. Do you realize your other debt totals less than your mortgage and I sure the interest rate is greater on the debt. Your focus on the mortgage is like being “penny wise and pound foolish”
December 13th, 2018 at 10:15 pm 1544739358
December 14th, 2018 at 11:07 am 1544785669
I’m paying extra on all bills, CC9 is slated to be paid off by February or before then.
Sorry about the confusion, the mortgage is actually $650 a month. But I added the esscrow which it brings it to $965, the rent was $950.
I’ll check out the Undebit site.
I guess I’m a little nervous about this mortgage and want to stay ahead. I think it’s that era of depression thinking. I was let go twice both tunes I was able to pay the bills. Both times I was renting and if things got tight I said I could move home. For me with this mortgage I feel like I can’t move home, so I need to stay ahead of the game. It’s nerves, plus with the SO leaving I feel like I really need to stay on top of it
December 14th, 2018 at 02:34 pm 1544798047
Paying extra on all bills is inefficient, that's why the snowball method works. Definitely try out Undebtit and let us know what kind of plan you can come up with to get to your goal more quickly.
I sure understand your fears. Being single and relying only on yourself is tough. This is where an emergency fund is key. Did you set one up with proceeds from that sale of your Dad's house? How many months of expenses does that cover? How many months of bare minimum expenses would reduce your fear?
December 14th, 2018 at 02:35 pm 1544798116
In your shoes, I would use the Dave Ramsey approach but with one modification. I would add some to the emergency fund with every paycheck, not just keep it at $1,000. Once you have around $6,000 in that fund (or a little more to cover the HOA), I would then put everything into paying off the other debt. So for now, I would make the payments on the cards and the student loans, with enough to the student loans so no more interest accrues. I would pay the mortgage payment as billed, put some in the emergency fund and put the remainder to CC9.
This should help you calm your fear about a job loss. You are a hard working, productive person, so I can't see you not finding a job or a few jobs to make up some or all of the income if your current job disappeared.
December 14th, 2018 at 03:08 pm 1544800092
December 14th, 2018 at 06:59 pm 1544813959
December 14th, 2018 at 07:02 pm 1544814155
December 15th, 2018 at 12:45 am 1544834735
December 15th, 2018 at 02:09 am 1544839779
Overall, you'd probably want to be making up for lost time with your retirement/investments. The nice thing is those can always be used in an emergency, so win-win.
December 18th, 2018 at 12:58 am 1545094712